 Guys, watch NVIDIA tomorrow above the 50-day, okay? The only stock that is better than NVIDIA when it starts breaking loose is Tesla. Well, NVIDIA is on deck, so if the market is good tomorrow, guys, watch NVIDIA if it reclaims back the 50-day moving average. Guys, look at this little we have for the upside, so. Welcome to Access to Trader, the number one community for those who are committed to taking control of their trading in order to achieve success, profitability, and longevity. Thank you for joining us. Here's Dan Shapiro to help you find your edge, master your process, and own your future. Hey, guys, good evening, everybody. Welcome to another edition of theaccentrader.com. Nightly wrap-up show, hope everybody is doing well. If you are brand new to the channel, thank you very much for spending a couple of minutes of your evening like, subscribe, share, all that good stuff, right? Support the channel so we can give you, continue to provide nightly updates and unbiased opinion of what we believe, or I believe, the market is going to do tomorrow, not next year, not next month, but tomorrow. Again, it's all about gathering data and basing your thesis on what the market is trying to tell you. So what does the market try to tell us, okay? So if you've been following along since September, you know that we went through a pretty aggressive over-under, bowling control, bear control, vice versa about five times, and then finally the bears just took over. They took over, they confirmed the 50-day moving average, and got down to the 100-day EMA, and then the seller that we saw to the 50-day moving average up, down, up, down, and the bears finally took control, that's exactly what's happening right now on the 150-day moving average as well, excuse me, the 100-day moving average as well. As you can see here, they broke the 100, reclaimed it, got rejected, fell below, got above, and now it's kind of just waiting to see what happens next. What happens next is more data, as much as we turn around and say, well, what's gonna get this market going on a natural trajectory, either going up or down? It's always data, right? It's always data, it's always some sort of news. Again, like we talked about on Tuesday's video, we have an election coming up in 2024, so you're never going to have a stalemate cycle of news. It's just because something's gonna be always on there, and somebody in the webinar today asked, well, when do I think this volatility is going to go away? The question is, when is it not gonna go away? This is part of trading, guys, this is what we are. There is no such thing as a dead zone in the market. Something's always going on, right? Think about it, 2020, we were all mining our own business, then a freaking pandemic broke out, right? Again, raise your hand if you ever thought a pandemic was gonna break out in your lifetime. That's the point. So there's always something going on in the market. Again, I'm going on year 25. Was it different going on year five? Absolutely, right? The only thing is, going on year five, I didn't realize two years later, there's going to be the Armageddon of the Financial Holocaust, right? Nobody tells you what's gonna happen next. So there's something always going on. But the point is, guys, you trade where the market is going to give you the biggest value. Your game plan should be always with the wind behind your backs. The idea of turnaround and going on any random day, I think the market's going higher. Well, no, I think the market's going lower. I think I could fly. I think I could dunk the ball backwards. I think, I think, I think this is all a roll, man. These are all opinions. Everybody has an opinion. Nobody cares about your opinion. Nobody cares about my opinion, right? It's all about price action. What's gonna happen next? And now, what we're seeing here is another congestion, right? Another congestion area, just to say, we saw on this congestion area fight over the 50, now they're fighting over the 100-day moving average. We talked in nauseam of what the bulls need to do to reclaim at least a tradable potential, a tradable rally for a couple of days. That's this 363 level on the keys, as we've seen here. It's got rejected here back to back days on the 29th and the 30th. And now we are kind of just nestled here. We had a really big breakdown a couple of days ago on the 357 level and down to 353. So 353 now, right? 353 is going to be an intermediate area of support. You can see it held here twice on the keys. Obviously, the big number here is going to be this 351 level, which is the low from September. The upside obviously is the 363. The reason why we keep on reiterating the point is, a lot of traders just are simply trading, buying and selling stocks randomly and not understanding the ramification of what happens when macro channels don't confirm. If a macro channel doesn't confirm upwards or downwards, yeah, you're going to be filled with something called the chop, right? No matter how long you've been trading this business, something known as chop is always going to be available there. And the reason why chop occurs is because you get stagnant channels, right? Here's a stagnant channel that they're trying to fight through the chopping channel. Keeps on getting rejected. And now we're just trying to hold on to the bottom channel. Is tomorrow's jobs number going to be a catalyst to get this market going one way or another? Absolutely, right? Maybe, perhaps. Who the hell knows? Again, we're prepared for it. And this is why we always talk about every single day, have a thesis, have an opinion, don't anticipate, don't try to be a hero, wait for that opinion and wait for that thesis to confirm. So if we know 363 is going to be a big level to the upside and we know 353 is going to be a big level to the downside, well, why are you trying to make a macro trade? Why are you trying to squeeze water out of a rock on a macro case? Can you do it case by case, trade by trade? Absolutely. Again, we'll get to the pivots in a second. But the key is if you're looking where the emotional carnage is, it's still the downside. It's the long investors right now. You can't possibly turn around if you're an investor outside of names, perhaps like NVIDIA and Tesla, we'll get to that in a second. But if you look at the majority of names there, the majority of stocks are getting hammered. We continue to talk about consumer cyclical names, anything to do with retail, not spending money. Look what happened to Coke and Pepsi today, right? Remember Little Johnny a couple of days ago when Kellogg got smashed, right? Kellogg got smashed again today, right? Mommy couldn't buy Little Johnny a cereal. Well, mommy and daddy couldn't afford now to buy Little Johnny a Diet Coke for breakfast, right? They ran out of cigarettes. They can't buy Diet Coke for breakfast. The world's going to hell in a handbasket. And this continues to be the problem. So when you see an upward day, that's all it is. It's an upward day. You're going to see 85, 90% of the days are going to be to the sell side day until the market starts reclaiming back the 50 day moving average. Again, it's tomorrow going to be a day that the market loves, embraces the jobs number and we have a big rally day. Of course, everything's on the table. If the market is open, of course, there's always a chance the market goes one way or another, right? I mean, anybody trading for 10 seconds can tell you that. But the point is we need to have the bigger contingency plan and we need to wait to get this 363, 363 to get confirmed to the way up to get a couple of days of breathing room. And obviously tomorrow if we start losing, you know, if we start losing this 353 and honestly, I don't even think we need to wait for 353. You see the last couple of days worth of lows, right? Can you stop that 355 back to back days? You see that guys? Forget about the 353 for that one. You see these two channels? This is kind of what we talk about a sneaky pivot, right? 355 has been defended twice back to back days. Forget about 353. If the Q start losing 355 tomorrow, then we'll get the 353. If they start losing 353, then we're going down to the 551. And if that all happens, hell breaks loose and Lucifer comes on earth and starts smiling at everybody, then we got to measure move to 150 day moving average of roughly 47 change. Again, that is the reality on the upside. Again, bulls are gonna need to do a lot of work. Ironically, right? Ironically, not everything is bad, right? Not everything is bad at all. There's a couple of tech names have been actually doing very, very well and you know, are setting up here. You know, yesterday Tesla had a really good move, right? It's very, very few stocks, especially in the tech space that are above supply. And you can see here, Tesla yesterday, we'll get to the pivots in a second. Tesla got above the 50 day moving average. And today put an inside day, yesterday was a 14 bucks. Today arrested it. If the market's gonna be good tomorrow, yeah, obviously this is a name you wanna focus on. Look at NVIDIA. NVIDIA has held up incredibly well. And this is the closest thing to Tesla right now. You see how close this thing is to reclaiming the 50 day moving average? If the market is good tomorrow and they embrace the jobs number, guys, watch NVIDIA tomorrow above the 50 day, okay? The only stock, the only stock that is better than NVIDIA when it starts breaking loose is Tesla. Well, NVIDIA is on deck. So if the market is good tomorrow, guys, watch NVIDIA if it reclaims back the 50 day moving average. Guys, look at which room you have to the upside. So very, very important levels here on NVIDIA. I'll also like Tesla tomorrow on a continuation if the jobs number is good again, but the jobs number is bad. Everything we say to the long side means absolutely nothing. But again, there's a contingency plan if the number is not good, right? And that's the whole point. You have to be ready on both sides of the market. Like look at Amazon for example, right? Look at Amazon. Look at Amazon has held the 150 day EMA now two out of the last three days while putting in lower highs on the 10 day moving average, right? If the number is bad going into tomorrow and the market decides to sell, watch Amazon starts losing this 150 day, this thing's gonna go down to September lows. Rivian today, right? Rivian this morning decided to come out with a 101.5 billion dollar offering. It also cut guidance, yada, yada, yada. Here we are, right? If the number is bad tomorrow, watch Rivian for a second day downside move. This thing looks absolutely awful, right? So it's important, really, really important to have, again, a contingency plan for both sides of the market. It's going to be a market moving number one way or another. And the last thing you wanna do is sit there at 831 and go, well, what do I do? What do I do? Yeah, yes, that's the whole point. You're supposed to be prepared before that happens. You know, I'm still managing a whole bunch of swings we've been talking about for a while. Car gurus, you know, car gurus, I mean this thing, it feels like forever. It's been a month, I'm up about 50 cents on the trade. It's taken a long time. Good year tire, or a good year tire we've been talking about in nonstop. It finally broke down. My average cost is about 12.15. This is the lowest close in the whole formation here. I'm down to about 25%. I would like to cover a little more in the 1130s and the rest below 11. We'll see what happens there. What else do I have? MGNI, it just for some reason, it just can't crack. Down about nickel on this thing, it just can't crack. I've been this thing for three weeks. What else am I in? What else am I in? What else am I in? There's something else I covered. I covered Dunkin Donuts. It just wasn't cracking. I covered the stock. I wound up losing about 25 cents on the trade. Again, it's not the end of the world. It's just one of those things that just wouldn't crack, wouldn't crack, wouldn't crack. But overall, again, if you sit long enough in these positions and they can't reclaim the range, eventually they will start to crack. So we'll see. We'll see. We've got some things that are working, some things that are sitting there, some one thing that didn't work. But the point is, good things will happen as long as the win continues to be in your back more or less. So let's talk about today's pivots. So yesterday, again, guys, there was no video yesterday. We talked about this on Tuesday instead. If you guys are wondering, okay, Thursday is usually my day off. Well, today I'm making the video. So yesterday, we had a great breakout. 255 needs to build on Tesla. Traded up to 63, 63 and change, right? Big, beautiful break. Again, that's the whole point of, you see how it took out the 50-day moving average here at 255, right? That's the whole point why I'm saying watch the video for tomorrow. So it had a really, really big move here today. Just had another initial move to 63. Nice move, you know, nice move there. I still like it higher, especially like the market doesn't die. So anyway, yesterday, fantastic move. Yesterday down a little bit pre-market on the Rivian's guidance, should shake it off. 62.30 needs to build, again, popped up really, really nicely. I still think if the market gets good, it could still seize 267, 268, but we'll see here. Meta never got to 307. NVIDIA, nice pop here on NVIDIA. NVIDIA reclaimed the 5-day 441, 43 needs to build. I took the initial scalp on NVIDIA. It went from 41 and changed to 44, came back in, traded all the way back to 48. This thing, I mean, talk about a relative, straight. Guys, I'm telling you, this looks a carbon copy of Tesla. The jobs number is good tomorrow. Watch the 50-day on NVIDIA. This thing confirms, man, there's a lot of room up. So hopefully we can get some good things there. Q's, rejected 361, needs to reclaim, never got close to there. And then you started seeing, and then you started seeing some really good downside pivots. AMD obviously never got up there. Rivian, yeah, we talked about it with a cut guidance, 2125, pretty market lows. If it confirms, it could get hit. Yeah, that's an understatement. Rivian took out 2125. Look at it from the five-minute view, right? Took out 2125 and went all the way down to 18. This thing starts losing 18, it's gonna go down lower. Look at Airbnb. Congratulations to all you guys that took Airbnb. 126.50, if it builds below, can flush, right? Here is Airbnb. Okay, so here's the five-minute view on Airbnb. It took out 26.50, and look at the move all the way down to 21.60, it's really, really big move on Airbnb. So good job again for all you guys that took that as well. Netflix, Netflix got hit as well. Right away, guys, once you see the option flow come in and it starts losing a big range, selling is gonna follow. So 371, if it builds below, can flush, weekly 265 buyers came in and here was Netflix, right? Here was Netflix, look at the view here. So it took out the 371 and traded all the way down to 67 before it bounced. So that's it, that's it. Guys, again, look, I know a lot of you guys are brand new to trading. I always encourage everybody to try everything, okay? Not everything is for everybody. Somebody could be comfortable with options, with futures, with equity, with forex, small caps, mid caps. I am comfortable with technical analysis, okay? If you are curious about pivots, all it needs to do to do is watch them for 30 days. Come aboard, come aboard the webinar, watch it for 30 days. You'll make a quick feasibility study if it's the right thing for you. I really believe that most traders trade exactly the same way and most traders are probably gonna get exactly the same results. If you are serious about your business, about your trading, about your prospects in the future, I don't care what style of trading you take, okay? But stick with it, stick with it for a year, stick with it for two years. Stop bouncing around one day you're a day trader, the next day you're a swing trader, the next day you're trading futures, the next day you're trading options. God damn it, just stick to one thing, right? Master that one thing. You might not be the greatest in the world, but that's okay. As long as you're not the worst, that's the most important part. Guys, God bless everybody. Stay patient, stay humble, stay happy, stay healthy. God's help everybody, have a great day tomorrow and I'll see you guys on the weekend update. Take care.